Regulators Take Control as Crypto Regulation Stalls in US Congress
US crypto regulation has stalled in Congress, giving federal regulators a chance to shape digital asset rules. The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are preparing new guidelines for the industry.
The Clarity Act aims to determine which tokens will be considered securities or commodities, but this legislation has yet to pass Congress. Without clear rules from lawmakers, regulators may create temporary solutions that could be undone by future administrations.
Industry representatives and analysts agree that only Congress can provide a long-term framework for cryptocurrency regulation. However, new rules introduced by the SEC and CFTC may offer some relief to crypto companies in the short term.